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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
FXHandler
Norway
Posts: 195
12 years ago
Sep 8, 2009 21:59
Rob,
good chart. But looks like the head must be made clearer and with the shoulder too.
Given my preidictions of a big correction in commodities and stocks short-term, that will be the scenario, above 5% strenghtening in the dollar.

(However, I don't claim to be a good technical analyst either).
Rob
New York, United States
Posts: 305
12 years ago
Sep 8, 2009 21:31
Potential Head and Shoulders in AUD/USD - more apparent on the 4hr chart. Neckline at 82.50 - left shoulder at 85.00-85.50. Perhaps the shoulder is not high enough though? Would anyone agree? Feel free to let me know if you disagree as well. I'm don't claim to be a good technical analyst. Gold and commodities (and stocks) would obviously need a pull-back as well for this to pan-out.
pepe
Great Britain
Posted Anonymously
12 years ago
Sep 8, 2009 21:20
AUD...not CAD...sorry!
pepe
Posted Anonymously
12 years ago
Sep 8, 2009 21:18
AUD...not CAD...sorry!
pepe
london, UK
Posts: 15
12 years ago
Sep 8, 2009 17:38
Wow it s a big move down for CAD! Sell on the news effect? you are a great commentator!
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Sep 8, 2009 17:36
pepe before mid month. Aussie retail sales due at 1.30 am GMT.

Ashraf
pepe
london, UK
Posts: 15
12 years ago
Sep 8, 2009 17:19
Great for the prompt answer. What s the horizon on AUD/USD?

Thanks,

F
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Sep 8, 2009 17:13
rpats and Rob, thanks for the words.

Koka, yes, im still bullish EURGBO and continue to expect 0.93 by year end. Look how GBPUSD is falling to 1.65 and EURUSD stuck at 1.4490.

Pepe, Rob, AUDUSD seen at 0.81 and AUDJPY seen back down to 0.7750.

WM, I MISPOKE IN TODAYS INTERVIEW I MEANT TO SAY EURUSD 1.56 BY YEAR END NOT QUARTER END. SORRY FOR THE CONFUSION. I SEE we could go at 1.39 but support at 1.38 remains tough. Res at 1.46.

Ashraf
Gunjack
London, UK
Posts: 1184
12 years ago
Sep 8, 2009 17:10
OPEC president says oil stockpiles are rising

- "Not comfortable" with rising stockpiles.
- There is "some volatility" in oil market.
pepe
london, UK
Posts: 15
12 years ago
Sep 8, 2009 17:09
Ahaah, Im italian and at Milan AC they paid him very well for this performance!!!